Tag: Platform

Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges

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Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District of Delaware. In a May 8 filing in the United States Bankruptcy Court for the District of Delaware, Bittrex estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities as part of bankruptcy proceedings. The declaration followed the U.S. Securities and Exchange Commission charging the company and its co-founder and former CEO William Shihara for securities violations in April. Cointelegraph reached out to Bittrex…

NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue chip NFT collections, according to data from NFT marketplace OpenSea. Since May 1, the date that Blend launched, the floor price of the popular Bored Ape Yacht Club collection has increased from 47 ETH, or about $93,500, to about 50 ETH, or $99,400. As for its Mutant Ape Yacht Club, the floor price increased from about 10.5 ETH, or $20,900, to 11 ETH or $21,900. Source

Blockchain Developer Platform Alchemy Launches Public Support for ZK Rollup StarkNet

“Native AA unlocks a ton of flexibility and room for innovation for wallet UX,” Alex Miao, a software engineer at Alchemy, told CoinDesk in an email. (“UX” is short for user interface.) “Developers can incorporate customizable account permissions, build in safeguards to run at the wallet level, and create simple transaction flows. This empowers developers to build for a world where end users and businesses are always represented by a smart-contract wallet.” Source

Alchemy Ventures Backs $4M Seed Round for NFT Platform Vibe

“Real value for NFTs will come from the dynamism and programmability where creators can add unique features to their collections. Until now, they haven’t had a comprehensive tool to curate and customize their collections,” said Vibe founder and CEO Rachel Chu in a statement. “Our goal is to simplify the entire process, and we are confident in our mission of taking NFTs from pictures to products.” Source

Securities token platform launches MPC wallet for institutions

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Securities token platform INX has launched a wallet with compliance features for institutions, according to a May 3 announcement. The new wallet was created in partnership with wallet infrastructure provider BitGo and uses multi-party computation (MPC) technology. Exciting announcement! INX now collaborates with @BitGo to enable institutional #investors to fully and confidently participate in the #security #tokens market and the greater digital economy: ⤵️https://t.co/AbpdS86lYk — INX (@INX_Group) May 3, 2023 INX securities tokens exist on the Ethereum network and follow the ERC-1404 token standard. The standard was created in 2018…

Iran Sets Up Platform to Facilitate Crypto Payments for Imports – Bitcoin News

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Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for imports with cryptocurrencies, the country’s Trade Promotion Organization (TPO) has assured, according to local media. Alireza Peymanpak, head of the government body, said that the Central Bank of Iran (CBI) has issued a permission for…

Gemini Launches Non-US Derivatives Platform Dubbed Gemini Foundation

The company has promised its customers that it will be expanding its derivatives offering with additional perpetual contracts, dated futures, and options in the coming weeks. One of the top traded centralized crypto exchanges, Gemini Trust Company LLC, has announced the launch of its non-United States entity to serve markets outside the European market and the United Kingdom. According to the announcement, Gemini Foundation will begin to offer individual and institutional investors a Bitcoin perpetual contract denominated in Gemini dollars (GUSD) with up to 100x leverage. Later, the company announced it will…

Sports Illustrated launches Polygon-based NFT ticketing platform

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On May 2, Sports Illustrated’s ticketing subsidiary SI Tickets launched the “Box Office” platform, a self-service event management and primary ticketing solution powered by the Polygon blockchain. Built in conjunction with Web3 software developer ConsenSys, Box Office enables “owners, organizers and hosts the ability to create, manage and promote a fully scalable, paid or free ticketed live sporting event.”  As part of the new platform, SI Tickets and ConsenSys are partnering to develop a “Super Ticket” that allows hosts to remain connected to their attendees through highlights, collectibles, exclusive offers…

Sports Illustrated Launches NFT Ticketing Platform on Polygon

“Blockchain technology offers significant benefits for consumers, particularly ticketing, including enhancing payment security, and eliminating scalping and fraud,” said Brian Trunzo, Head of Business Development, North America, for Polygon Labs, in a press release, who added that this launch would help grow consumer adoption. Source